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Episode 93 | August 1, 2025

The Honda Civic of the Insurance World

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In this podcast episode, Reid talks with a returning guest – Luke Magnan, co-founder and CIO of Combined Ratio Solutions.

Luke believes that core insurance software should be accessible and affordable, much like the dependable Honda Civic. Tune in to hear Luke’s vision: to empower insurance companies by simplifying their operations without breaking the bank (and more).

Episode Highlights

  • Catching up on Combined Ratio’s mission (00:50)

  • Carriers running IT as an engineering shop (11:42)

  • How to become the industry standard (12:39)

  • Aspiring to be the Honda Civic of Policy Systems (19:34)

  • The relationship between the insurance industry and tech experts (26:12)

  • The next big move in the industry (28:56)

  • The role of Salesforce in insurance (34:00)

  • Practical solutions over cool tools (39:36)

  • A concept for large companies to consider (43:49)

  • How keeping exits out of the conversation opens up opportunities (47:25)

  • Disadvantages of private equity and venture capital (53:51)

  • Thoughts on AI (58:41)

Watch the episode on YouTube!

 
 

“I want to be the Honda Civic of policy systems. Like not everybody needs, you know, a luxury car, right? Sometimes you just got to get a car that gets you from point A to point B in a reasonable way…”

Luke Magnan
Co-Founder and CIO of Combined Ratio Solutions

Check Out the Insurance Technology Podcast on YouTube

We’re excited to share that the Insurance Technology Podcast is now on YouTube! You can catch all the previous episodes, and can now watch the newly released episodes in a new video format.

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